Case Study

Literature

House building 'on the rise in the north-west'

3rd April 2014

House building is increasingly common in the north-west, with a sharp rise in the number of properties created in the region in the final quarter of the year.New figures from the National House Building Council (NHBC) show there were 2,282 new properties constructed in the area in the three months between December and February, up from 1,604 in the same period a year earlier, reports the Lancashire Evening Post.Across the country as a whole, 29,557 new homes were registered over the three months in question, which was also higher than in the same quarter last year.Registration statistics are said to be the leading indicator of exactly how the UK's new homes market is performing at any time, so success in this area is reason for celebration.NHBC's commercial director Richard Tamayo said while February's figures alone are not incredibly strong, the rolling quarter results show that there are plenty of reasons to be positive about the house building sector at the moment.He was referring to the fact that the results for February in isolation showed the total of 9,484 new house registrations was slightly down on the 10,538 recorded in the same month in 2013. However, the expert said this is likely the result of the bad weather experienced early this year."Our latest statistics show there is still a way to go before the country starts seeing figures on a par with pre-recession registration statistics, but the new measures revealed in last week's Budget show that the government remains committed to boosting the house building sector," Mr Tamayo explained.There are no signs that this trend is due to slow down any time soon, giving individuals and businesses confidence that house building levels will continue to rise and the market will strengthen further.